Tulip Danish Crown’s subsidiary makes money again
“Due to the loss of customer orders over the last few years, the site is now making significant loss on a weekly basis. Now we are looking to take steps which will keep the Kings Lynn site operational for current and future generations. The business will engage closely with the employee representatives and those affected in order to minimise impact on people’s lives”, says Tulip Ltd CEO, Steve Francis.
Last summer, losses increased week by week in Danish Crown's UK subsidiary Tulip Ltd after the loss of major orders to the retail sector. Now, the downward trend is not only reversed, since the beginning of June, Tulip Ltd has actually started making money again on a weekly basis.
Steve Francis has, among other things, chosen to create a more decentralised management structure and has focused heavily on developing even closer relations with the company's customers through extensive and dedicated service. Danish Crown's Group CEO, Jais Valeur, is happy with the progress in Tulip Ltd, but points out that Tulip Ltd still has a long way to go.